Goodhart Warns of 30-40 Year Fiscal Crisis from Demographics, Debt

Economist Charles Goodhart warns that demographic decline, aging populations, rising dependency ratios, defense and climate spending, and high public debt will create an unaddressed fiscal crisis over the next 30-40 years. The warning is an opinion, not a data release, but it highlights structural fiscal pressures facing Western governments. It matters because it underscores long-term sovereign risk and potential market implications for rates and growth.